Exclusive Interview with Mr. Pinkesh Jain (CEO)
We live in a culture of use & throw. In this scenario, it takes guts to recycle & reuse and reduce waste and yet be sustainable in ways that are environmentally, socially and economically viable. EVERFLOW PETROFILS LIMITED is one such company.
Everflow Petrofils Limited, is a manufacturer and exporter of polyester yarn, spun blended yarn, draw texturised yarn, fibre yarn, viscose spun yarn, partially oriented yarn, polyester staple fibre and polyester PET chips and cotton yarns. EPL leads in all types of high quality fancy yarns in polyester and cotton. EPL firmly believes that “Quality is the best way to beat the competition” Following their motto of “Turning Waste into Wealth”, they put their customers foremost. EPL follows eco-friendly methods and highly believes that waste can be converted into wealth if one really supports in Keeping the Globe Green. Located in the financial capital of India, the company has passed the evaluation of ISO9001 certification in 2001 and has been awarded the brand company.
In an insightful interview with TVC, the dynamic Mr. Pinkesh Jain CEO of EVERFLOW PETROFILS LIMITED gives us the nitty gritty of the company & the Yarn business…
TVC: EPL is presently in to manufacturing of cotton and synthetic yarns. What was the vision that made you enter this entire sector?
P.J.: Yes, we are into manufacturing of cotton & synthetic yarns since more than 15 years. Our vision was very clear “Turning Waste into Wealth”. This is our company philosophy. We are an eco – friendly enterprise intending to protect our environment. MC brand carries goodwill & trust. We have established customers trust and faith in our brand & product.
TVC: What are your current markets & where and whom does EPL supply to?
P.J.: Our production unit is in China and we supply to major textile hubs in the world USA, Europe, South East Asia, and Middle-east. Our Indian Unit solely caters to the local market.
TVC: What is your current Production capacity and Market size of your products?
P.J.: Our current production capacity is 5500 tonnes in China & 600 tonnes in India per month of Recycled Polyester Spun Yarn. We share around 25% of Chinese Recycled Yarn Production.
TVC: What is EPL’s Green Process?
P.J.: The yarn and other products manufactured by EPL are environmental friendly and produced with ethical consciousness. EPL’s long-term philosophy is to strive for environmental sustainability, to efficiently utilize the limited natural resources, and to cut down CO2 emissions while providing its core recycled fabric and recycled yarn products. EPL is following a new method for saving the planet. A new recycled yarn textile is manufactured from used PET bottles. EPL has developed the latest recycling technology to reuse waste, avoiding the environmental burden from discarding them in landfills. The recycling technology does not utilize virgin PTA (terephthalic acid), which is made from petroleum as its main raw material, reducing energy and CO2 emissions and lowering the use of petrochemical materials. Today, there is great demand for eco friendly yarns bcoz synthetic yarns are also bad for the earth, since they are made from petroleum. Industrially-produced cotton brings with it a slew of environmental problems, including water and soil pollution. We have highlighted a few eco yarn options, such as repreve yarn recycled from post industrial waste, green yarn from Alpaca and recycled saris, hip knitting options, yarn made from corn and bamboo yarn. Soysilk is another renewable yarn made from the residue of soybeans from tofu manufacturing, the process is 100% natural and free of petrochemicals, soy is a completely renewable and biodegradable resource.
TVC: What is the general approach followed by your company on a daily basis or while putting up projects?
P.J.: Our in-house team of engineers helps us set up projects. The Simple Wheel which can be used in an intermittent process and the more refined Saxony wheel which drive a differential spindle in a continuous process. The growth of experienced adult factory workforce helps to account for the shift away from child labour in textile factories. We use dressing frames to enable the power looms to operate continuously. In short:
General approach: cultivating & harvesting,
Preparatory processes: Spinning – giving yarn, Weaving – giving fabrics, Finishing – giving textiles.
TVC: Does EPL have any future plans for Expansion or Diversification? Please discuss.
P.J.: We are expanding our production units in China & India every year. Expansion & modernization is done on continuous basis for growth & flexibility. We are planning to add 2 lakh spindles in China & 40000 spindles in India. Also we are looking to start PET Flakes manufacturing unit in India to cater to our Indian & Chinese units.
TVC: How do you foresee the market for your product/s in India & globally?
P.J.: MC brand is one of the top most & trusted Brand. We foresee very robust growth for our products in India & globally.
TVC: What is the reason for your company to have a base in China?
P.J.: In China, labour is easy, power is cheaper and raw material is available in the same province which helps us to function very efficiently. In China taking loan facilities are very easy as they support Textile Industries. While in India, Nationalized Banks takes longer time for the same.
TVC: What are the major difficulties you face while dealing with Govt bodies?
P.J.: Main problem with Govt bodies is that they are very slow in approving legal issues. One critical concern involves a concept known as agency capture. They adopt rules, regulations & policies that are favourable to the interest group that it is responsible for regulating or administering.
TVC: How would you like the Govt to assist you to boost the market of your product/s?
P.J.: Govt should conduct seminars to let people interact; understand the value of using recycled products. Everyday we are facing Global warming threats in way of climate changes. Scientific evidence conclusively demonstrates that human activities are creating measurable and increasingly negative impacts on the global climate. Industrial emissions have been the dominant influence in climate change, and facing this challenge, each member of the global village needs to shoulder its part of the collective responsibility to environmental protection. We at EPL are dedicated to make recycled fibre and yarn to support Environment as we are highly inspired by nature.
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